Early Termination Insurance

What is Early Termination Insurance (ETI)?

Early Termination Insurance is designed for individuals, fleets and companies to free your lessees from financial commitment for private vehicles, company cars and light commercial vehicle lease rentals, should their personal circumstances change unexpectedly. It enables the lessee to hand the vehicle back without the worry of funding the difference between the market value and the outstanding balance of the lease.

Design a Programme to Meet the Needs of Your Target Market

We arrange bespoke coverage for vehicle leasing companies to meet the specific requirements of individual lessees or corporate clients. Our ETI programme can be tailored to cover a wide range of life-changing events and differing deferment periods.

Example coverage includes:

• Unemployment
• Bankruptcy
• Loss of driving licence (medical reasons)
• Expatriation

Policies can also include one of the following “voluntary” circumstances:

• Resignation
• Maternity or paternity cover

Benefits of Early Termination Insurance

Implementing our ETI offers banks and other finance companies significant benefits:

• Giving cover in the event of unemployment – a key concern
• Bespoke coverage for a wide variety of unexpected lifestyle changes
• Unique “Loss of driving licence” cover
• Competitively priced cover
• Deferment and benefit periods that can be tailored to meet different client requirements
• Reduced credit risk
• Improved solvency position